Definitive Ergebnisse Bonusindex 2009 - Deutschland
Im aktuellen Obermatt Bonusindex Ranking haben die Division „Express“ der Deutschen Post, gefolgt von der Siemens Division „Energy“, dem Solarunternehmen SMA, der Division „Elevators“ von Thyssen Krupp, dem Rückversicherer Hannover Rück und dem Halbleiterspezialisten Aixtron im Vergleich zu ihren internationalen Peerunternehmen 2009 am besten abgeschnitten. Obermatt empfiehlt für diese Unternehmen einen Bonusmultiplikator von 1.5 bis 1.8.
Die Geschäftsleitung der Division „Express“ der Deutschen Post führt die Gruppe der „Krisenmanager“ an, die es verstanden, ihr Unternehmen nicht nur erfolgreich durch die tiefste Rezession seit Jahrzehnten zu navigieren, sondern diese anspruchsvollen Zeiten gleichzeitig als Chance nutzten, um ihre Marktposition deutlich zu verbessern. Damit sind sie es auch, die für den sich abzeichnenden Konjunkturaufschwung am besten gerüstet sind.
Für die Finanzindustrie war das Jahr 2009 ein weiteres „annus horribilis“. Mit dem Obermatt Konzept der relativen Leistungsmessung, welche die externen, unternehmensunabhängigen Faktoren neutralisiert, schafft es der Klassenbeste trotzdem, eine hohe Position im Obermatt Bonusindex Ranking zu erzielen. Die Deutsche Bank übertraf 2009 68% ihrer globalen Peerunternehmen und erreichte damit einen Bonusmultiplikator von 1.4. Damit hat die Geschäftsleitung der Deutschen Bank einen überdurchschnittlichen Bonus für ihre Leistung in der Wirtschaftskrise verdient.
Die deutsche Automobilindustrie hat im internationalen Vergleich nur knapp durchschnittlich abgeschnitten. Während BMW 2009 mit einem Bonusmultiplikator von 1.0 gerade noch eine Medianperformance erreichte, mussten sich Volkswagen (0.8) und Daimler (0.6) von der Mehrheit der Konkurrenz geschlagen geben.
Zu den Verlierern des Obermatt Bonusindex gehören die Unternehmen Singulus (0.0), Solon, Sky, die Divisionen „ContiTech“ und „Interior“ von Continental, Q-Cells sowie die Divisionen „Material Science“ von Bayer und „Steel“ von Salzgitter (alle 0.1). Die Geschäftsleitungen dieser Unternehmen respektive Divisionen haben nach Ansicht von Obermatt keinen oder nur einen sehr geringen Bonus verdient.
Resultat sortiert nach Bonusmultiplikator
Liste alphabetisch sortiert
sehe Bonusindex Methode
| Bonus Multiplier |
Company Name |
Ranked by Metric |
Metric Value |
Operating Index |
Operating Alpha |
Operating Rank |
Peer Universe | Number of Peers |
| 1.8 | Deutsche Post - Express | EBITDA | 9.80% | -1.50% | 11.30% | 88% | Express Delivery | 43 |
| 1.7 | Siemens - Energy | EBITDA | 8.50% | 0.90% | 7.60% | 84% | Power Generating Equipment / Plants | 285 |
| 1.7 | SMA | EBITDA | 10.00% | 0.40% | 9.60% | 84% | Inverter Manufacturer | 29 |
| 1.6 | ThyssenKrupp - Elevators | EBITDA | 2.60% | 0.10% | 2.50% | 82% | Elevator Industry | 20 |
| 1.5 | Hannover Rück | Operating Income | 29.80% | 10.40% | 19.40% | 77% | Reinsurer | 40 |
| 1.5 | Aixtron | EBITDA | 11.60% | -1.20% | 12.70% | 75% | Semiconductor Machinery & Equipment | 137 |
| 1.4 | TUI | EBITDA | 3.40% | -1.00% | 4.40% | 72% | Tourism / Container Shipping | 278 |
| 1.4 | Software | EBIT | 1.70% | -2.70% | 4.40% | 71% | Systems Software | 184 |
| 1.4 | Lanxess | EBITDA | 5.10% | 1.20% | 3.90% | 71% | Diversified Chemicals | 111 |
| 1.4 | Deutsche Bank | Operating Income | 2.90% | 0.80% | 2.10% | 68% | Very Large Diversified Global Banks | 39 |
| 1.3 | BASF - Agricultural Solution | EBITDA | 2.00% | -1.40% | 3.40% | 67% | Crop Protection Chemicals Industry | 76 |
| 1.3 | Deutsche Telekom | EBITDA | 2.00% | 0.90% | 1.10% | 67% | Telecommunication Service Provider Large | 46 |
| 1.3 | Linde - Industrial Gas | EBITDA | -0.40% | -2.60% | 2.20% | 67% | Industrial Gases | 46 |
| 1.3 | Freenet | EBITDA | 5.00% | 2.30% | 2.70% | 66% | Internet / Telephone Communication | 254 |
| 1.3 | IDS Scheer | EBITDA | 2.90% | -0.40% | 3.30% | 65% | IT Systems & Services | 142 |
| 1.3 | MediGene | EBITDA | 14.60% | 5.80% | 8.90% | 64% | Oncology Products | 86 |
| 1.2 | Linde | Average | n/a | n/a | n/a | 62% | n/a | n/a |
| 1.2 | Deutsche Post | Average | n/a | n/a | n/a | 62% | n/a | n/a |
| 1.2 | United Internet | EBITDA | 6.40% | 3.00% | 3.40% | 62% | Internet Services & Advertising | 228 |
| 1.2 | Vossloh | EBITDA | 0.20% | -1.70% | 1.90% | 60% | All Industrial Machinery Wholesale | 178 |
| 1.2 | BASF - Oil & Gas | EBITDA | -10.90% | -20.50% | 9.60% | 60% | Oil & Gas Exploration / Production | 259 |
| 1.1 | Siemens - Healthcare | EBITDA | 2.30% | 0.60% | 1.70% | 57% | Analytical Equipment | 178 |
| 1.1 | Carl Zeiss Meditec | EBITDA | 1.90% | 1.70% | 0.60% | 57% | Ophthalmic Equipment | 182 |
| 1.1 | Infineon | EBIT | -4.50% | -6.40% | 1.90% | 56% | Semiconductor Industry | 90 |
| 1.1 | Siemens | Average | n/a | n/a | n/a | 55% | n/a | n/a |
| 1.1 | Deutsche Post - Global Forwarding Freight | EBITDA | -1.20% | -1.70% | 0.50% | 55% | Logistics | 199 |
| 1.1 | QSC | EBITDA | 2.30% | 1.60% | 0.70% | 55% | Internet Telephony / DSL Provider | 130 |
| 1.1 | Hochtief | EBITDA | 1.20% | 0.80% | 0.40% | 53% | Construction & Airport Management | 393 |
| 1.0 | MTU | EBITDA | -1.30% | -1.70% | 0.40% | 52% | Aircraft Engines | 53 |
| 1.0 | BMW - Automobile | EBIT | -2.00% | -2.00% | 0.00% | 50% | Passenger Car Production | 123 |
| 1.0 | Drägerwerk | EBITDA | -1.10% | -1.10% | 0.00% | 50% | Medical / Safety Technology | 111 |
| 1.0 | Linde - Engineering | EBITDA | -1.90% | -1.90% | 0.00% | 50% | Engineering Services | 58 |
| 1.0 | Fresenius Medical Care | EBITDA | 2.30% | 2.40% | -0.10% | 50% | Heath Care Equipment (Dialysis) | 236 |
| 1.0 | ProsiebenSat.1 | EBITDA | 0.70% | 0.90% | -0.20% | 49% | Television Channel Providers | 134 |
| 1.0 | BMW | Average | n/a | n/a | n/a | 49% | n/a | n/a |
| 1.0 | BASF - Plastic | EBITDA | 0.50% | 0.80% | -0.30% | 49% | Chemical Industry (Plastic) | 224 |
| 1.0 | Gildemeister | EBITDA | -6.70% | -6.50% | -0.20% | 48% | Machine tools and special machinery | 37 |
| 0.9 | Roth & Rau | EBITDA | -3.80% | -3.10% | -0.70% | 47% | Photovoltaics | 55 |
| 0.9 | Fielmann | EBITDA | 0.50% | 1.00% | -0.50% | 46% | Ophthalmic goods production & retail | 80 |
| 0.9 | Deutsche Post - Supply Chain | EBITDA | -1.70% | -1.00% | -0.60% | 46% | Supply Chain Service Providers | 174 |
| 0.9 | Bayer - Crop Science | EBITDA | -1.50% | -1.10% | -0.40% | 45% | Agricultural Chemical Industry | 83 |
| 0.9 | Wincor Nixdorf | EBITDA | -1.10% | 0.10% | -1.20% | 44% | Computer Hardware / -Software | 258 |
| 0.9 | Continental - Powertrain | EBITDA | -2.30% | 0.30% | -2.60% | 44% | Powertrain | 56 |
| 0.9 | Symrise | EBITDA | 0.20% | 1.20% | -1.00% | 43% | Flavor & Fragrances | 123 |
| 0.8 | Jenoptik | EBITDA | -8.10% | -7.20% | -0.90% | 42% | Laser & Optical Systems | 55 |
| 0.8 | Fresenius | EBITDA | 0.90% | 2.40% | -1.50% | 42% | Heath Care Equipment (Dialysis) | 236 |
| 0.8 | Centrotherm | EBITDA | 0.30% | 1.90% | -1.60% | 41% | Semiconductor Machinery | 58 |
| 0.8 | Volkswagen | EBITDA | -3.60% | -2.70% | -0.90% | 41% | Car Producers | 114 |
| 0.8 | SAP | EBITDA | -1.30% | -0.20% | -1.10% | 41% | Software Developing / Maintenance / Consulting | 197 |
| 0.8 | Leoni | EBITDA | -3.90% | -1.10% | -2.80% | 40% | Automotive Cable and Wiring | 36 |
| 0.8 | Bayer - Health Care | EBITDA | 2.00% | 3.00% | -1.00% | 40% | Pharmaceutical Industry | 215 |
| 0.8 | Henkel - Laundry & Home Care | EBITDA | 1.70% | 3.50% | -1.80% | 39% | Laundry & Home Care | 80 |
| 0.8 | Bechtle | EBITDA | -1.20% | 0.20% | -1.40% | 39% | Computer Related Services | 270 |
| 0.8 | Hugo Boss | EBITDA | -1.40% | 0.20% | -1.70% | 39% | Apparel / Accessories | 330 |
| 0.8 | MAN - Renk | EBITDA | -2.70% | 0.60% | -3.20% | 38% | Engine Parts Manufacturer | 51 |
| 0.8 | RWE | EBITDA | 0.80% | 2.40% | -1.60% | 38% | Multi-Utilities | 66 |
| 0.8 | Kontron | EBITDA | -3.10% | -1.10% | -2.00% | 38% | Computer Hardware Components | 124 |
| 0.7 | BASF | Average | n/a | n/a | n/a | 37% | n/a | n/a |
| 0.7 | Nordex | EBITDA | -1.60% | -0.20% | -1.40% | 37% | Wind Energy | 92 |
| 0.7 | Fraport | EBITDA | -2.20% | 1.20% | -3.30% | 36% | Airport Operator | 47 |
| 0.7 | Bilfinger Berger | EBITDA | -0.70% | 0.20% | -0.90% | 36% | Large Engineering / Construction | 79 |
| 0.7 | Daimler - Mercedes Benz Cars | EBITDA | -5.00% | 3.00% | -8.00% | 36% | Automobile Producers | 39 |
| 0.7 | Praktiker | EBITDA | -1.80% | -0.50% | -1.30% | 35% | Hardware Stores | 143 |
| 0.7 | Allianz | Operating Income | -0.40% | 5.50% | -5.90% | 35% | Full Line Insurance Large Global | 145 |
| 0.7 | GEA Group | EBITDA | -2.90% | -1.20% | -1.70% | 35% | Engineering Providers | 148 |
| 0.7 | E.ON | EBITDA | 0.20% | 1.30% | -1.10% | 35% | Electricity & Gas Europe | 90 |
| 0.7 | Merck - Performance & Life Science Chemicals | EBITDA | -1.20% | 2.10% | -3.30% | 34% | Performance & Life Science Chemicals | 108 |
| 0.7 | Henkel | Average | n/a | n/a | n/a | 34% | n/a | n/a |
| 0.7 | Solarworld | EBITDA | -11.40% | -4.70% | -6.70% | 34% | Solar Cell Manufacturers | 148 |
| 0.7 | Fuchs Petrolub | EBITDA | 0.50% | 2.10% | -1.60% | 33% | Commodity Chemicals | 72 |
| 0.7 | Salzgitter - Trade | EBITDA | -4.40% | -0.70% | -3.70% | 33% | Metal Trader | 60 |
| 0.7 | Bayer | Average | n/a | n/a | n/a | 33% | n/a | n/a |
| 0.7 | Siemens - Industry | EBITDA | -3.30% | -1.10% | -2.30% | 33% | Diversified Industrial Activities | 463 |
| 0.6 | Merck - Consumer Health Care | EBITDA | -2.40% | 2.70% | -5.10% | 32% | Consumer Health Care | 180 |
| 0.6 | Henkel - Cosmetics / Toiletries | EBITDA | 0.20% | 3.30% | 3.10% | 32% | Cosmetics / Toiletries | 114 |
| 0.6 | Salzgitter - Tubes | EBITDA | -5.30% | -1.80% | -3.50% | 31% | Tubes / Pipes Manufacturer | 132 |
| 0.6 | Stada Arzneimittel | EBITDA | -0.40% | 2.10% | -2.50% | 31% | Generics & OTC | 69 |
| 0.6 | MAN - Diesel Engines | EBITDA | -2.30% | 0.20% | -2.50% | 31% | Diesel Engines | 66 |
| 0.6 | Daimler | Average | n/a | n/a | n/a | 30% | n/a | n/a |
| 0.6 | MAN - Turbo Machinery | EBITDA | -4.70% | -2.20% | -2.50% | 30% | Turbo Machinery | 56 |
| 0.6 | Gerresheimer | EBITDA | -1.90% | 1.00% | -2.90% | 29% | Packaging Products | 153 |
| 0.6 | Aurubis | EBITDA | -6.80% | -1.00% | -5.80% | 28% | Copper Products / Processing | 88 |
| 0.6 | Thyssenkrupp | Average | n/a | n/a | n/a | 28% | n/a | n/a |
| 0.5 | Henkel - Adhesives | EBITDA | -3.10% | 2.00% | -5.10% | 27% | Adhesives | 72 |
| 0.5 | Merck | Average | n/a | n/a | n/a | 27% | n/a | n/a |
| 0.5 | Kuka | EBITDA | -8.80% | -3.20% | -5.60% | 27% | High-Tech Industrial Machinery | 140 |
| 0.5 | Merck - Merck Serono | EBITDA | -3.20% | 7.60% | -10.80% | 27% | Oncology Products | 85 |
| 0.5 | Continental - Chassis & Safety | EBITDA | -3.70% | 1.50% | -5.20% | 26% | Automotive Safety Systems | 166 |
| 0.5 | Münich Re | Operating Income | 4.20% | 10.40% | -6.20% | 26% | Reinsurer | 40 |
| 0.5 | Celesio | EBITDA | -0.10% | 0.70% | -0.80% | 25% | Pharmaceutical Wholesale | 108 |
| 0.5 | Deutsche Lufthansa | EBITDA | -2.40% | 0.80% | -3.20% | 24% | Airlines & Services | 208 |
| 0.5 | Salzgitter | Average | n/a | n/a | n/a | 24% | n/a | n/a |
| 0.5 | Demag Cranes | EBITDA | -6.70% | 0.20% | -6.90% | 23% | Cranes and related components | 50 |
| 0.5 | Krones | EBITDA | -8.00% | -1.50% | -6.50% | 23% | Industrial Machinery | 167 |
| 0.4 | Daimler - Trucks | EBITDA | -8.80% | 1.80% | -7.00% | 22% | Trucks | 63 |
| 0.4 | Tognum | EBITDA | -6.20% | -1.20% | -5.00% | 22% | Engine Industry | 253 |
| 0.4 | BASF - Chemical | EBITDA | -4.30% | -1.60% | -2.70% | 22% | Chemicals | 151 |
| 0.4 | Homag Group | EBITDA | -8.90% | -2.10% | -6.80% | 21% | Woodworking Machinery | 39 |
| 0.4 | MAN | Average | n/a | n/a | n/a | 20% | n/a | n/a |
| 0.4 | Continental | Average | n/a | n/a | n/a | 20% | n/a | n/a |
| 0.4 | Grammer | EBITDA | -4.90% | -1.10% | -3.70% | 20% | Car seating systems | 57 |
| 0.4 | Wacker Chemie | EBITDA | -10.40% | -0.90% | -9.50% | 20% | Specialty Chemical Industry | 216 |
| 0.4 | ThyssenKrupp - Steel | EBITDA | -13.80% | -7.10% | -6.70% | 20% | Heavy Industry | 81 |
| 0.4 | Bauer | EBITDA | -6.40% | 0.10% | -6.60% | 19% | Construction & Construction Machinery | 365 |
| 0.4 | MorphoSys | EBITDA | -5.30% | 3.50% | -8.80% | 19% | Life Science Tools & Services | 123 |
| 0.4 | Rheinmetall | EBITDA | -6.00% | 1.40% | -7.30% | 18% | Automotive / Armament Industry | 108 |
| 0.4 | Heidelbergcement | EBITDA | -6.90% | 0.40% | -7.30% | 18% | Cement & Building Materials | 384 |
| 0.3 | Adidas | EBITDA | -4.60% | 0.10% | -4.70% | 17% | Footware / Apparel / Sport Equipment | 151 |
| 0.3 | BASF - Performance Products | EBITDA | -3.40% | 0.50% | -3.90% | 17% | Performance Chemicals Industry | 139 |
| 0.3 | Continental - Tires | EBITDA | -2.20% | 4.20% | -6.40% | 17% | Tires | 77 |
| 0.3 | Pfeiffer | EBITDA | -7.80% | -0.60% | -7.20% | 16% | Water / Liquid Pumps | 104 |
| 0.3 | SGL Carbon | EBITDA | -11.50% | 0.70% | -12.20% | 16% | Carbon and Graphite Products | 62 |
| 0.3 | ThyssenKrupp - Technologies | EBITDA | -12.10% | -2.60% | -9.50% | 16% | Machine Parts & Naval Architects | 295 |
| 0.3 | HHLA | EBIT | -13.60% | -2.70% | -10.90% | 15% | Port Services / Logistics | 291 |
| 0.3 | Douglas | EBITDA | -4.00% | 0.10% | -4.10% | 15% | Specialty Stores | 277 |
| 0.3 | Puma | EBITDA | -5.10% | -0.80% | -4.30% | 14% | Footware / Apparal / Sport Accessories | 122 |
| 0.3 | Salzgitter - Technology | EBITDA | -13.80% | -0.20% | -13.60% | 14% | Packaging Machinery Manufacturer | 75 |
| 0.3 | Smartrac | EBITDA | -4.50% | 5.20% | -9.70% | 13% | RFID Manufacturer | 49 |
| 0.3 | MAN - Commercial Vehicles | EBITDA | -9.90% | -1.00% | -8.80% | 13% | Commercial Vehicles | 176 |
| 0.3 | BMW - Motorcycle | EBIT | -3.30% | -1.80% | -1.50% | 13% | Motorcycle Producers | 48 |
| 0.2 | Rofin-Sinar | EBITDA | -14.30% | -3.20% | -11.10% | 12% | Welding / Cutting Equipment | 66 |
| 0.2 | ThyssenKrupp - Stainless | EBITDA | -14.50% | -3.50% | -11.10% | 11% | High-Quality Steel & Metals | 139 |
| 0.2 | Merck - Liquid Crystals | EBITDA | -17.50% | -0.70% | -16.80% | 11% | Liquid Crystal | 42 |
| 0.2 | Manz | EBITDA | -18.40% | -2.40% | -16.00% | 8% | Automation Machinery | 61 |
| 0.1 | Salzgitter - Steel | EBITDA | -17.40% | -3.50% | -13.90% | 7% | Steel Producers | 153 |
| 0.1 | Continental - Interior | EBITDA | -9.20% | 0.70% | -9.90% | 7% | Interior Equipment | 54 |
| 0.1 | Bayer - Material Science | EBITDA | -6.60% | 0.50% | -7.10% | 7% | Chemical Industry (Material Science) | 170 |
| 0.1 | Q-Cells | EBITDA | -34.80% | -4.70% | -30.10% | 7% | Solar Cell Manufacturers | 148 |
| 0.1 | Continental - ContiTech | EBITDA | -5.20% | 1.70% | -6.90% | 5% | Rubber Based Products | 63 |
| 0.1 | Sky | EBITDA | -21.90% | 2.20% | -24.10% | 5% | Television Channel Providers | 132 |
| 0.1 | Solon | EBITDA | -40.70% | -4.70% | -36.00% | 5% | Solar Cell Manufacturers | 148 |
| 0.0 | Singulus | EBITDA | -32.80% | -3.90% | -29.00% | 0% | Optical Data Storage Equipment | 144 |
Resultat sortiert nach Firma
sehe Liste sortiert nach Bonusmultiplikator
sehe Bonusindex Methode
| Company Name |
Ranked by Metric |
Metric Value |
Operating Index |
Operating Alpha |
Operating Rank |
Bonus Multiplier |
Peer Universe | Number of Peers |
| Adidas | EBITDA | -4.60% | 0.10% | -4.70% | 17% | 0.3 | Footware / Apparel / Sport Equipment | 151 |
| Aixtron | EBITDA | 11.60% | -1.20% | 12.70% | 75% | 1.5 | Semiconductor Machinery & Equipment | 137 |
| Allianz | Operating Income | -0.40% | 5.50% | -5.90% | 35% | 0.7 | Full Line Insurance Large Global | 145 |
| Aurubis | EBITDA | -6.80% | -1.00% | -5.80% | 28% | 0.6 | Copper Products / Processing | 88 |
| BASF | Average | n/a | n/a | n/a | 37% | 0.7 | n/a | n/a |
| BASF - Agricultural Solution | EBITDA | 2.00% | -1.40% | 3.40% | 67% | 1.3 | Crop Protection Chemicals Industry | 76 |
| BASF - Chemical | EBITDA | -4.30% | -1.60% | -2.70% | 22% | 0.4 | Chemicals | 151 |
| BASF - Oil & Gas | EBITDA | -10.90% | -20.50% | 9.60% | 60% | 1.2 | Oil & Gas Exploration / Production | 259 |
| BASF - Performance Products | EBITDA | -3.40% | 0.50% | -3.90% | 17% | 0.3 | Performance Chemicals Industry | 139 |
| BASF - Plastic | EBITDA | 0.50% | 0.80% | -0.30% | 49% | 1.0 | Chemical Industry (Plastic) | 224 |
| Bauer | EBITDA | -6.40% | 0.10% | -6.60% | 19% | 0.4 | Construction & Construction Machinery | 365 |
| Bayer | Average | n/a | n/a | n/a | 33% | 0.7 | n/a | n/a |
| Bayer - Crop Science | EBITDA | -1.50% | -1.10% | -0.40% | 45% | 0.9 | Agricultural Chemical Industry | 83 |
| Bayer - Health Care | EBITDA | 2.00% | 3.00% | -1.00% | 40% | 0.8 | Pharmaceutical Industry | 215 |
| Bayer - Material Science | EBITDA | -6.60% | 0.50% | -7.10% | 7% | 0.1 | Chemical Industry (Material Science) | 170 |
| Bechtle | EBITDA | -1.20% | 0.20% | -1.40% | 39% | 0.8 | Computer Related Services | 270 |
| Bilfinger Berger | EBITDA | -0.70% | 0.20% | -0.90% | 36% | 0.7 | Large Engineering / Construction | 79 |
| BMW | Average | n/a | n/a | n/a | 49% | 1.0 | n/a | n/a |
| BMW - Automobile | EBIT | -2.00% | -2.00% | 0.00% | 50% | 1.0 | Passenger Car Production | 123 |
| BMW - Motorcycle | EBIT | -3.30% | -1.80% | -1.50% | 13% | 0.3 | Motorcycle Producers | 48 |
| Carl Zeiss Meditec | EBITDA | 1.90% | 1.70% | 0.60% | 57% | 1.1 | Ophthalmic Equipment | 182 |
| Celesio | EBITDA | -0.10% | 0.70% | -0.80% | 25% | 0.5 | Pharmaceutical Wholesale | 108 |
| Centrotherm | EBITDA | 0.30% | 1.90% | -1.60% | 41% | 0.8 | Semiconductor Machinery | 58 |
| Continental | Average | n/a | n/a | n/a | 20% | 0.4 | n/a | n/a |
| Continental - Chassis & Safety | EBITDA | -3.70% | 1.50% | -5.20% | 26% | 0.5 | Automotive Safety Systems | 166 |
| Continental - ContiTech | EBITDA | -5.20% | 1.70% | -6.90% | 5% | 0.1 | Rubber Based Products | 63 |
| Continental - Interior | EBITDA | -9.20% | 0.70% | -9.90% | 7% | 0.1 | Interior Equipment | 54 |
| Continental - Powertrain | EBITDA | -2.30% | 0.30% | -2.60% | 44% | 0.9 | Powertrain | 56 |
| Continental - Tires | EBITDA | -2.20% | 4.20% | -6.40% | 17% | 0.3 | Tires | 77 |
| Daimler | Average | n/a | n/a | n/a | 30% | 0.6 | n/a | n/a |
| Daimler - Mercedes Benz Cars | EBITDA | -5.00% | 3.00% | -8.00% | 36% | 0.7 | Automobile Producers | 39 |
| Daimler - Trucks | EBITDA | -8.80% | 1.80% | -7.00% | 22% | 0.4 | Trucks | 63 |
| Demag Cranes | EBITDA | -6.70% | 0.20% | -6.90% | 23% | 0.5 | Cranes and related components | 50 |
| Deutsche Bank | Operating Income | 2.90% | 0.80% | 2.10% | 68% | 1.4 | Very Large Diversified Global Banks | 39 |
| Deutsche Lufthansa | EBITDA | -2.40% | 0.80% | -3.20% | 24% | 0.5 | Airlines & Services | 208 |
| Deutsche Post | Average | n/a | n/a | n/a | 62% | 1.2 | n/a | n/a |
| Deutsche Post - Express | EBITDA | 9.80% | -1.50% | 11.30% | 88% | 1.8 | Express Delivery | 43 |
| Deutsche Post - Global Forwarding Freight | EBITDA | -1.20% | -1.70% | 0.50% | 55% | 1.1 | Logistics | 199 |
| Deutsche Post - Supply Chain | EBITDA | -1.70% | -1.00% | -0.60% | 46% | 0.9 | Supply Chain Service Providers | 174 |
| Deutsche Telekom | EBITDA | 2.00% | 0.90% | 1.10% | 67% | 1.3 | Telecommunication Service Provider Large | 46 |
| Douglas | EBITDA | -4.00% | 0.10% | -4.10% | 15% | 0.3 | Specialty Stores | 277 |
| Drägerwerk | EBITDA | -1.10% | -1.10% | 0.00% | 50% | 1.0 | Medical / Safety Technology | 111 |
| E.ON | EBITDA | 0.20% | 1.30% | -1.10% | 35% | 0.7 | Electricity & Gas Europe | 90 |
| Fielmann | EBITDA | 0.50% | 1.00% | -0.50% | 46% | 0.9 | Ophthalmic goods production & retail | 80 |
| Fraport | EBITDA | -2.20% | 1.20% | -3.30% | 36% | 0.7 | Airport Operator | 47 |
| Freenet | EBITDA | 5.00% | 2.30% | 2.70% | 66% | 1.3 | Internet / Telephone Communication | 254 |
| Fresenius | EBITDA | 0.90% | 2.40% | -1.50% | 42% | 0.8 | Heath Care Equipment (Dialysis) | 236 |
| Fresenius Medical Care | EBITDA | 2.30% | 2.40% | -0.10% | 50% | 1.0 | Heath Care Equipment (Dialysis) | 236 |
| Fuchs Petrolub | EBITDA | 0.50% | 2.10% | -1.60% | 33% | 0.7 | Commodity Chemicals | 72 |
| GEA Group | EBITDA | -2.90% | -1.20% | -1.70% | 35% | 0.7 | Engineering Providers | 148 |
| Gerresheimer | EBITDA | -1.90% | 1.00% | -2.90% | 29% | 0.6 | Packaging Products | 153 |
| Gildemeister | EBITDA | -6.70% | -6.50% | -0.20% | 48% | 1.0 | Machine tools and special machinery | 37 |
| Grammer | EBITDA | -4.90% | -1.10% | -3.70% | 20% | 0.4 | Car seating systems | 57 |
| Hannover Rück | Operating Income | 29.80% | 10.40% | 19.40% | 77% | 1.5 | Reinsurer | 40 |
| Heidelbergcement | EBITDA | -6.90% | 0.40% | -7.30% | 18% | 0.4 | Cement & Building Materials | 384 |
| Henkel | Average | n/a | n/a | n/a | 34% | 0.7 | n/a | n/a |
| Henkel - Adhesives | EBITDA | -3.10% | 2.00% | -5.10% | 27% | 0.5 | Adhesives | 72 |
| Henkel - Cosmetics / Toiletries | EBITDA | 0.20% | 3.30% | 3.10% | 32% | 0.6 | Cosmetics / Toiletries | 114 |
| Henkel - Laundry & Home Care | EBITDA | 1.70% | 3.50% | -1.80% | 39% | 0.8 | Laundry & Home Care | 80 |
| HHLA | EBIT | -13.60% | -2.70% | -10.90% | 15% | 0.3 | Port Services / Logistics | 291 |
| Hochtief | EBITDA | 1.20% | 0.80% | 0.40% | 53% | 1.1 | Construction & Airport Management | 393 |
| Homag Group | EBITDA | -8.90% | -2.10% | -6.80% | 21% | 0.4 | Woodworking Machinery | 39 |
| Hugo Boss | EBITDA | -1.40% | 0.20% | -1.70% | 39% | 0.8 | Apparel / Accessories | 330 |
| IDS Scheer | EBITDA | 2.90% | -0.40% | 3.30% | 65% | 1.3 | IT Systems & Services | 142 |
| Infineon | EBIT | -4.50% | -6.40% | 1.90% | 56% | 1.1 | Semiconductor Industry | 90 |
| Jenoptik | EBITDA | -8.10% | -7.20% | -0.90% | 42% | 0.8 | Laser & Optical Systems | 55 |
| Kontron | EBITDA | -3.10% | -1.10% | -2.00% | 38% | 0.8 | Computer Hardware Components | 124 |
| Krones | EBITDA | -8.00% | -1.50% | -6.50% | 23% | 0.5 | Industrial Machinery | 167 |
| Kuka | EBITDA | -8.80% | -3.20% | -5.60% | 27% | 0.5 | High-Tech Industrial Machinery | 140 |
| Lanxess | EBITDA | 5.10% | 1.20% | 3.90% | 71% | 1.4 | Diversified Chemicals | 111 |
| Leoni | EBITDA | -3.90% | -1.10% | -2.80% | 40% | 0.8 | Automotive Cable and Wiring | 36 |
| Linde | Average | n/a | n/a | n/a | 62% | 1.2 | n/a | n/a |
| Linde - Engineering | EBITDA | -1.90% | -1.90% | 0.00% | 50% | 1.0 | Engineering Services | 58 |
| Linde - Industrial Gas | EBITDA | -0.40% | -2.60% | 2.20% | 67% | 1.3 | Industrial Gases | 46 |
| MAN | Average | n/a | n/a | n/a | 20% | 0.4 | n/a | n/a |
| MAN - Commercial Vehicles | EBITDA | -9.90% | -1.00% | -8.80% | 13% | 0.3 | Commercial Vehicles | 176 |
| MAN - Diesel Engines | EBITDA | -2.30% | 0.20% | -2.50% | 31% | 0.6 | Diesel Engines | 66 |
| MAN - Renk | EBITDA | -2.70% | 0.60% | -3.20% | 38% | 0.8 | Engine Parts Manufacturer | 51 |
| MAN - Turbo Machinery | EBITDA | -4.70% | -2.20% | -2.50% | 30% | 0.6 | Turbo Machinery | 56 |
| Manz | EBITDA | -18.40% | -2.40% | -16.00% | 8% | 0.2 | Automation Machinery | 61 |
| MediGene | EBITDA | 14.60% | 5.80% | 8.90% | 64% | 1.3 | Oncology Products | 86 |
| Merck | Average | n/a | n/a | n/a | 27% | 0.5 | n/a | n/a |
| Merck - Consumer Health Care | EBITDA | -2.40% | 2.70% | -5.10% | 32% | 0.6 | Consumer Health Care | 180 |
| Merck - Liquid Crystals | EBITDA | -17.50% | -0.70% | -16.80% | 11% | 0.2 | Liquid Crystal | 42 |
| Merck - Merck Serono | EBITDA | -3.20% | 7.60% | -10.80% | 27% | 0.5 | Oncology Products | 85 |
| Merck - Performance & Life Science Chemicals | EBITDA | -1.20% | 2.10% | -3.30% | 34% | 0.7 | Performance & Life Science Chemicals | 108 |
| MorphoSys | EBITDA | -5.30% | 3.50% | -8.80% | 19% | 0.4 | Life Science Tools & Services | 123 |
| MTU | EBITDA | -1.30% | -1.70% | 0.40% | 52% | 1.0 | Aircraft Engines | 53 |
| Münich Re | Operating Income | 4.20% | 10.40% | -6.20% | 26% | 0.5 | Reinsurer | 40 |
| Nordex | EBITDA | -1.60% | -0.20% | -1.40% | 37% | 0.7 | Wind Energy | 92 |
| Pfeiffer | EBITDA | -7.80% | -0.60% | -7.20% | 16% | 0.3 | Water / Liquid Pumps | 104 |
| Praktiker | EBITDA | -1.80% | -0.50% | -1.30% | 35% | 0.7 | Hardware Stores | 143 |
| ProsiebenSat.1 | EBITDA | 0.70% | 0.90% | -0.20% | 49% | 1.0 | Television Channel Providers | 134 |
| Puma | EBITDA | -5.10% | -0.80% | -4.30% | 14% | 0.3 | Footware / Apparal / Sport Accessories | 122 |
| Q-Cells | EBITDA | -34.80% | -4.70% | -30.10% | 7% | 0.1 | Solar Cell Manufacturers | 148 |
| QSC | EBITDA | 2.30% | 1.60% | 0.70% | 55% | 1.1 | Internet Telephony / DSL Provider | 130 |
| Rheinmetall | EBITDA | -6.00% | 1.40% | -7.30% | 18% | 0.4 | Automotive / Armament Industry | 108 |
| Rofin-Sinar | EBITDA | -14.30% | -3.20% | -11.10% | 12% | 0.2 | Welding / Cutting Equipment | 66 |
| Roth & Rau | EBITDA | -3.80% | -3.10% | -0.70% | 47% | 0.9 | Photovoltaics | 55 |
| RWE | EBITDA | 0.80% | 2.40% | -1.60% | 38% | 0.8 | Multi-Utilities | 66 |
| Salzgitter | Average | n/a | n/a | n/a | 24% | 0.5 | n/a | n/a |
| Salzgitter - Steel | EBITDA | -17.40% | -3.50% | -13.90% | 7% | 0.1 | Steel Producers | 153 |
| Salzgitter - Technology | EBITDA | -13.80% | -0.20% | -13.60% | 14% | 0.3 | Packaging Machinery Manufacturer | 75 |
| Salzgitter - Trade | EBITDA | -4.40% | -0.70% | -3.70% | 33% | 0.7 | Metal Trader | 60 |
| Salzgitter - Tubes | EBITDA | -5.30% | -1.80% | -3.50% | 31% | 0.6 | Tubes / Pipes Manufacturer | 132 |
| SAP | EBITDA | -1.30% | -0.20% | -1.10% | 41% | 0.8 | Software Developing / Maintenance / Consulting | 197 |
| SGL Carbon | EBITDA | -11.50% | 0.70% | -12.20% | 16% | 0.3 | Carbon and Graphite Products | 62 |
| Siemens | Average | n/a | n/a | n/a | 55% | 1.1 | n/a | n/a |
| Siemens - Energy | EBITDA | 8.50% | 0.90% | 7.60% | 84% | 1.7 | Power Generating Equipment / Plants | 285 |
| Siemens - Healthcare | EBITDA | 2.30% | 0.60% | 1.70% | 57% | 1.1 | Analytical Equipment | 178 |
| Siemens - Industry | EBITDA | -3.30% | -1.10% | -2.30% | 33% | 0.7 | Diversified Industrial Activities | 463 |
| Singulus | EBITDA | -32.80% | -3.90% | -29.00% | 0% | 0.0 | Optical Data Storage Equipment | 144 |
| Sky | EBITDA | -21.90% | 2.20% | -24.10% | 5% | 0.1 | Television Channel Providers | 132 |
| SMA | EBITDA | 10.00% | 0.40% | 9.60% | 84% | 1.7 | Inverter Manufacturer | 29 |
| Smartrac | EBITDA | -4.50% | 5.20% | -9.70% | 13% | 0.3 | RFID Manufacturer | 49 |
| Software | EBIT | 1.70% | -2.70% | 4.40% | 71% | 1.4 | Systems Software | 184 |
| Solarworld | EBITDA | -11.40% | -4.70% | -6.70% | 34% | 0.7 | Solar Cell Manufacturers | 148 |
| Solon | EBITDA | -40.70% | -4.70% | -36.00% | 5% | 0.1 | Solar Cell Manufacturers | 148 |
| Stada Arzneimittel | EBITDA | -0.40% | 2.10% | -2.50% | 31% | 0.6 | Generics & OTC | 69 |
| Symrise | EBITDA | 0.20% | 1.20% | -1.00% | 43% | 0.9 | Flavor & Fragrances | 123 |
| Thyssenkrupp | Average | n/a | n/a | n/a | 28% | 0.6 | n/a | n/a |
| ThyssenKrupp - Elevators | EBITDA | 2.60% | 0.10% | 2.50% | 82% | 1.6 | Elevator Industry | 20 |
| ThyssenKrupp - Stainless | EBITDA | -14.50% | -3.50% | -11.10% | 11% | 0.2 | High-Quality Steel & Metals | 139 |
| ThyssenKrupp - Steel | EBITDA | -13.80% | -7.10% | -6.70% | 20% | 0.4 | Heavy Industry | 81 |
| ThyssenKrupp - Technologies | EBITDA | -12.10% | -2.60% | -9.50% | 16% | 0.3 | Machine Parts & Naval Architects | 295 |
| Tognum | EBITDA | -6.20% | -1.20% | -5.00% | 22% | 0.4 | Engine Industry | 253 |
| TUI | EBITDA | 3.40% | -1.00% | 4.40% | 72% | 1.4 | Tourism / Container Shipping | 278 |
| United Internet | EBITDA | 6.40% | 3.00% | 3.40% | 62% | 1.2 | Internet Services & Advertising | 228 |
| Volkswagen | EBITDA | -3.60% | -2.70% | -0.90% | 41% | 0.8 | Car Producers | 114 |
| Vossloh | EBITDA | 0.20% | -1.70% | 1.90% | 60% | 1.2 | All Industrial Machinery Wholesale | 178 |
| Wacker Chemie | EBITDA | -10.40% | -0.90% | -9.50% | 20% | 0.4 | Specialty Chemical Industry | 216 |
| Wincor Nixdorf | EBITDA | -1.10% | 0.10% | -1.20% | 44% | 0.9 | Computer Hardware / -Software | 258 |
Der Bonusmultiplikator in der Tabelle ist der Multiplikator mit dem der individuelle Zielbonus (typischerweise erwarteter Bonus oder durchschnittlicher Bonus in der Vergangenheit) multipliziert wird um den für 2009 verdienten Bonus zu berechnen.
Notizen
Obermatt hat 149 DAX Unternehmen/Divisionen analysiert.
Kennzahlen:
- Deutsche Postbank: Segmentbeitrag „Übrige“ wurde vom konsolidierten Gruppenergebnis herausgerechnet
- Deutsche Bank: Nur Finanzzahlen der Division „Private Client and Asset Management“ wurden berücksichtigt
Folgende Unternehmen wurden ausgeschlossen:
Aufgrund noch nicht rapportierter Zahlen zum Zeitpunkt der Datenanalyse:
- Conergy
Ausgeschlossen, da Peer Universum Definition noch in Bearbeitung:
- K+S
- Phoenix Solar
- Beiersdorf
- Pfleiderer
- Symrise
- Klöckner & Co.
- Metro
Ausgeschlossen, da ausserordentliches Geschäftjahr:
- Südzucker
- Heidelberger Druckmaschinen
Ausgeschlossen aufgrund unklarer Akquisitionseinflüsse:
- Commerzbank
Ausgeschlossen, da mehrheitlich in staatlicher Hand:
- EADS
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